dad norman macrae died of cancer june 2010- his obituaries- his last article dec 2008 on the sad consequences subprime would trap youth in - coming notes on remembrance parties across the globe- on his 10th parting we are also zoom-remembering- rsvp chris.macrae@yahoo.co.uk..
next only to education/health/safety, change in banking immediately changes lives of families and generations whereas infrastructure and natural resources multiply national impacts over time- financial services have at least 3 segments - how its designed for people, for big organisations, for pensions ang government
since 1950, in developed countries - quarter of humans) changes in tech have caused changes in finance first- some peoples have leaped into banking consider those most linked to developed west, development of china region, rest of developing world- we will map what happened to innovation of tech to the west which has had access to 4 tech revolutions from 1950 rural, space-communications, engineering , computing brain power- china that had access to rural revolution in 1970s, engineering from 1980s, all tech from about 2005, and bangladesh which accesses rural change from 1970, has for most of its people not yet accessed engineering change, has joined in other tech between 1995-2005 thanks to being the epicentre of ngo sdg economy - epicentre fazle abed- of course in a world of 200 nations there are other hybrid models but decide which if any of these three is one your peoples need to understand first because big data collection has gone global - see society 5.0 and osaka track g20 2019
key system transformations -paper non-digital banking operations, digital operations, consumer digital atm and cards and end of community banking. mobilising change in commerce and banking, integrating all post 1950 tech revolution- finance needed to be a future affair that teachers and students questioned before youth began livelihoods- since 1760 alumni of adam smith and james watt glasgow u birth of industrial revolution have recommended mediating these questions openly - how much of wealth and natural resources do the top 10 and 500 people control- is your society one in which 3 halves of people - women youth and poor each have less than 10% voice in the future of their generation

putting our species at risk- wall streets bankers and washington lobbyists and careless media moguls did the worst job ever at end of 2000s- can ny's biggest fund managers return the planet to all families as we enter 2020s - search worldrecordjobs -biggest marketmakers bezos and ma - then join us at economishealth.com -or help us value goal of worlds biggest -search - google versus microsoft; health&safety investor bloomberg vs soros; largest funds fink versus mitsubishi ; education for all schwarzman versus hongkong-singapore partners -supercity adaptability ban ki-moon versus masa-son; big decision makers events schwab vs guterres; rural villages fazle abed partners

we also thank the baltimore branch of www.chinacybercenter.com for sharing its investigative scholars of everything that's crazy about 21st financial services that thurgood marshall wouldn't have let rip chris.macrae@yahoo.co.uk

dec 2020 Washington thinktanks have become in most cases as dismal as the supreme leader trump making these exceptions absolutely brilliant 1 2
this economics policy series shows how banking in america has been serially designed to tip off the poor and the young - and even when the rich elders mess up they demand the poor and young bail them out- i now see why my father as early as 1980s described macroeconomics as totally fame political chicanery nothing to do with the origins system designs of the first 200 years of followers of adam smith moral sentiments- see also economistscotland.com
.

Tuesday, March 2, 2021

 

Welcome back!

The little-known agency at the heart of the FinCEN Files investigation is in the spotlight again, thanks to a new report by anti-corruption group Global Financial Integrity.

The organization brought together 19 anti-money laundering experts from government, the financial industry and academia to develop recommendations to reinvent the U.S. Treasury’s Financial Crimes Enforcement Network, an intelligence unit the report describes as underfunded, overstretched and behind the times.

The policy paper cites ICIJ and BuzzFeed News’ international investigation on the failures of the U.S.-led global enforcement system, which we found allows trillions in tainted dollars to flow freely through major banks despite repeated crackdowns.

Their recommendations echo many of the things experts told us need to be done to make the agency more effective. The group also calls for FinCEN to launch a “Manhattan Project” to improve its technology to keep up in the battle against dirty money, terrorism financing, and other emerging money laundering challenges.

The global fight against cross-border financial corruption was a focus of several high-profile reports published in the last week by leading international organizations …

ENDING THE SHELL GAME
The OECD, a club of rich nations, credited ICIJ investigations for fostering public interest in targeting the facilitators of sophisticated financial crimes in its first-ever report on what countries can do to crack down on lawyers, accountants, offshore specialists and other “professional enablers” who help rogue actors hide money and outsmart law enforcement.

TRILLIONS AT STAKE
The UN FACTI panel convened world leaders and high-level stakeholders to discuss international strategies to rein in rampant tax abuse costing countries urgently-needed revenue to tackle poverty, climate change, inequality and the post-pandemic economic recovery. Here’s what they had to say about the recommendations.

#AMPLIFYRAPPLER
Journalist Maria Ressa, founder of the Philippine news outlet Rappler, faces up to six years in prison on cyber libel charges for reporting connected to President Rodrigo Duterte. Last week, journalists around the world showed their support with a video series by Forbidden Stories chronicling Rappler’s investigations on financial crime and corruption.

SEE YOU AT MOZFEST
ICIJ’s Emilia Díaz-Struck and Miguel Fiandor Gutiérrez will be presenting a session on how AI can help investigative journalism at MozFest on Tuesday, March 9, sharing what they’ve learned and uncovered from ICIJ’s experiments with machine learning.
 

Thanks for reading!

Asraa Mustufa

ICIJ's digital editor

P.S. If you've enjoyed our coverage this week, remember to tell your friends and family and share our work on social media. Send them an email now!
 

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